Pioneer Natural Resources Co.

Pioneer Natural Resources Co.

Pioneer Natural Resources Co.

Overview
Date Founded

1997

Headquarters

777 Hidden Ridge, Irving, TX, 75038, USA

Type of Company

Public

Employees (Worldwide)

2,323

Industries

Oil & Gas

Company Description

Pioneer Natural Resources is a large independent oil and natural gas company that is focused on helping meet the world’s energy needs. We deliver strong production and reserve growth through onshore exploration and production in the United States, while providing opportunities for growth and enrichment for business partners, employees and the communities in which we operate. With a foundation of long-lived and stable properties providing steady growth, Pioneer’s advanced technology, strategic practices and integrated services model make us an industry leader in developing new resource plays, especially in Texas. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. We are one of the largest natural gas operators in the Rockies and Mid-Continent regions with assets in the coal bed methane-rich Raton Basin as well as in the Hugoton and Texas Panhandle gas fields. Our operations include ongoing drilling programs in Texas’ liquids-rich Barnett Shale Combo play and in Alaska’s Oooguruk field, where Pioneer became the first independent operator to produce oil on the North Slope

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & General Counsel

Vice President & Chief Information Officer

Vice President & Chief Accounting Officer

Vice President, Production Operations & Permian General Manager

Head, Investor Relations Team

Executive Vice President & Head-International Operations

Executive Vice President-Operations

Executive Vice President, Chief of Staff

Board of Directors

President & Chief Executive Officer at Pacific Star Energy LLC

Director, President & Chief Executive Officer at Pioneer Natural Resources Co.

Principal at CompaniesWood

Former President at Shell Chemical LP

Chief Executive Officer at RVC Outdoor Destinations

Director at Pattern Energy Group LP

Former Executive Vice President, Chief Financial Officer & Chief Accounting Officer at Key Energy Services, Inc.

Vice President, Chief Legal Officer at Reata Pharmaceuticals, Inc.

Chief Executive Officer at ProPetro Holding Corp.

Limited Partner at Lead Edge Capital Management LLC

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Owners & Shareholders
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PRIMECAP Management aims to provide superior long-term investment results by utilizing fundamental research and bottom-up stock picking to construct portfolios. The firm looks for stocks that will outperform the market over a three to five-year horizon. PRIMECAP Management does not have a committee or small group that decides on whether or not to invest in an idea. Each portfolio manager makes an individual decision whether or not to invest in new ideas.

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ClearBridge Investments offers strong leadership, seasoned Portfolio Managers, and a well-resourced, centralized investment infrastructure operating from offices in New York and San Francisco. We benefit from the formidable strength of the Legg Mason organization, while continuing to operate with investment independence — maintaining our own investment strategies, philosophies and investment decision-making authority. ClearBridge currently has over 158 employees, including more than 54 investment professionals.

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Welcome to Aristotle, where our mission as a firm is to exceed the investment objectives and service expectations of our clients around the world. We are defined by our philosophy and passionate about investing, priding ourselves on internally generated research that guides the construction of our multiple investment strategies. Whether you are a client at Aristotle or considering becoming a client, you’ll quickly discover our commitment to excellence, stability, growth and integrity.

Recent Transactions
Details Hidden

ProPetro Holding Corp. purchases Pioneer Natural Resources Co. /Pressure Pumping Assets from Pioneer Natural Resources Co.

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Sundance Energy Australia Ltd. purchases Pioneer Natural Resources Co. /Eagle Ford Shale Assets from Pioneer Natural Resources Co.

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Pioneer Natural Resources Co. purchases Devon Energy Corp. /Midland Basin from Devon Energy Corporation

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onPioneer Natural Resources Co. purchases Evergreen Resources, Inc.

Underwriter

Advised onPioneer Natural Resources Co. issued USD Common Stock

Escrow Agent

Advised onPioneer Natural Resources Co. issued USD Common Stock

Legal Advisor

Advised onOMV AG, OMV (Tunesien) Production GmbH purchase Pioneer Natural Resources Co. /Tunisia Operations from Pioneer Natural Resources Co.

Managing Director

Advised onPioneer Natural Resources Co. issued USD Common Stock

Managing Director

Advised onPioneer Natural Resources Co. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner-Mergers & Acquisitions & Private Equity at Vinson & Elkins LLP

Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Legal Advisor

Partner-Mergers & Acquisitions & Private Equity at Vinson & Elkins LLP

Clients

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental's midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. Occidental's wholly owned subsidiary, OxyChem, is a major North American chemical manufacturer.Occidental's success is built on technical expertise, business acumen, strong partnerships and proven ability to deliver lasting results. With approximately 35,000 employees and contractors worldwide at year-end 2015, they are committed to being a Partner of Choice® everywhere they operate. Occidental is committed to respecting the environment, operating safely and upholding high standards of social responsibility throughout the company's worldwide operations.

Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services; and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages natural gas processing plants. The Crude Oil Pipelines & Services segment stores and markets crude oil products. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.

Key Stats and Financials As of 2019
Market Capitalization
$10B
Total Enterprise Value
$26.9B
Earnings Per Share
$4.51
Revenue
$9.67B
Total Equity
$12.1B
Total Debt
$2.6B
Net Profit
$753M
Debt TEV
0.1x
TEVNet Income
35.79x
Enterprise Value Sales
2.79x
EBITDAMargin
37.72%
EBITDA
$3.65B
Enterprise Value EBITDAOperating
7.3x
Three Year Compounded Annual Growth Rate Of Revenue
34.77%
Five Year Compounded Annual Growth Rate Of Revenue
17.46%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$5,000
2013
$1,000
2013
Suppliers
Forbes Energy Services Ltd. Oil & Gas | Alice, TX

Forbes Energy Services Ltd. provides drilling-related and production-related services to oil and natural gas companies. It operates through the Well Servicing, Coiled Tubing and Fluid Logistics segments. The Well Servicing segment provides well maintenance services, including remedial repairs and removal and replacement of downhole production equipment; well workovers, including downhole repairs, re-completions and re-perforations; completion and swabbing activities; plugging and abandoning services; and testing of oil and natural gas production tubing. The Coiled Tubing segment provide a range of services accomplishing a wide variety of goals including horizontal completions, well bore clean-outs and maintenance, nitrogen services, thru-tubing services, formation stimulation using acid and other chemicals, and other pre- and post-hydraulic fracturing well preparation services. The Fluid Logistics segment utilizes its fleet of owned and leased fluid transport truck and related assets to provide, transport, store, and dispose of a variety of drilling and produced fluids. The company was founded by John E. Crisp, Janet L. Forbes and Charles C. Forbes, Jr. in September 2003 and is headquartered in Alice, TX.

Independence Contract Drilling, Inc. Oil & Gas | Houston, TX

Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. It involves in owning an established rig manufacturing business and proprietary rig designs. The company was founded by Philip A. Choyce and Byron A. Dunn on November 4, 2011 and is headquartered in Houston, TX.

Netherland, Sewell & Associates, Inc. Management Consulting | Dallas, TX

Netherland, Sewell & Associates, Inc. provides geological, geophysical, petrophysical, engineering, and economical solution for all facets of the upstream energy industry. Its services include acquisition and divestiture evaluations, coalbed methane development studies, deepwater development studies, enhanced recovery projects, midstream services, operations engineering services, pipeline supplies studies, and equity determinations services. The company was founded by Clarence M. Netherland in 1961 and is headquartered in Dallas, TX.

Competitors
Hess Corp. Oil & Gas - New York, NY

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Continental Resources, Inc. Oil & Gas - Oklahoma City, OK

Continental Resources is a Top 10 petroleum liquids producer in the United States and the largest leaseholder in the nation’s premier oil play, the Bakken Play of North Dakota and Montana. Based in Oklahoma City, the company also has a leading presence in the Anadarko Woodford Play of Oklahoma and the Red River Units Play of North Dakota, South Dakota and Montana. Founded in 1967, Continental’s growth strategy has focused on crude oil since the 1980s. The company reported total revenues of $1.6 billion for 2011 and is on track to triple production and proved reserves from 2009 to 2014.

Chevron Corp. Oil & Gas - San Ramon, California

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Awards & Honors
Rank #522
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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